Hello,
Swiggy has crossed a key ownership milestone.
The company’s foreign shareholding has fallen below 50% for the first time as the company seeks to qualify as an Indian Owned and Controlled Company (IOCC).
However, the company said the change does not alter its ownership, control, or day-to-day operations.
In other news, the Competition Commission of India (CCI) has cleared upGrad’s acquisition of a stake in Unacademy parent Sorting Hat Technologies, paving the way for the company’s merger with upGrad Education.












